Cheap Apartments for Rent in Thayer, IN from $500 (40 Rentals)

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Search the lowest-cost Apartments available for rent right now in Thayer.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Meadow Lane Apartments
1 to 2 Bedroom Apartments

Meadow Lane Apartments

2029 Meadow LnSchererville, IN 46375
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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409 S Maple St
2 Bedroom Apartments

409 S Maple St

409 S Maple StKouts, IN 46347
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10029 Kennedy Ave
1 to 2 Bedroom Apartments

10029 Kennedy Ave

10029 Kennedy AveHighland, IN 46322
  • Utilities Included
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1905 Austin Ave
2 Bedroom Apartments

1905 Austin Ave

1905 Austin AveSchererville, IN 46375
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21746 Jeffrey
1 to 2 Bedroom Apartments

21746 Jeffrey

21746 S Jeffrey AveSauk Village, IL 60411

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-40, Page 1 of 1

Thayer, IN Local Guide

Cheapest Available Thayer Apartments for Rent and Nearby

 

The cheapest available apartment rental in Thayer, IN is a Studio unit found at Crest Apartments in the University Park neighborhood priced from $800. Madison Cottage of Rensselaer has the second lowest priced unit, which is a 1 Bed apartment currently listed from $970. Here is today’s list of the most affordable Thayer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Crest ApartmentsStudioStudio,1BA$800
Madison Cottage of Rensselaer1x11BR,1BA$970
Birchwood ApartmentsOne Bedroom1BR,1BA$990
2045-2151 Meadow Ln1 Bed/1 Bath1BR,1BA$1,075
The Ridge ApartmentsRedwood2BR,1BA$1,075
2100 N Main St1 Bed 1 Bath1BR,1BA$1,125
Viewpointe Apartment HomesG- 2BD2BR,1BA$1,134
Crestview Apartments HomesD-1BR1BR,1BA$1,138
Uptown East1X1 S1BR,1BA$1,145
ST JAMES SENIOR APARTMENTS2 BED 1 BATH2BR,1BA$1,159

Best Value Apartments for Rent in Thayer, IN and Nearby

As of June 08, 2026 the best value apartment in the Thayer area is the $1.31 price per square foot 2x1K Model at Tiberon Trails in the in the Liverpool neighborhood starting from $1,369. The second greatest value Thayer apartment is the 2 BED 1 BATH Model at ST JAMES SENIOR APARTMENTS starting at $1,159 with a $1.25 price per square foot in the University Park neighborhood. Here is today’s list of the best values for Thayer apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Tiberon Trails2x1K2BR,2BA$1.31
ST JAMES SENIOR APARTMENTS2 BED 1 BATH2BR,1BA$1.25
Viewpointe Apartment HomesJ-2 BD2BR,1BA$1.35
The Ridge ApartmentsPoplar2BR,2BA$1.41
Madison Cottage of Rensselaer1x11BR,1BA$1.14
Hidden CreekFlaxon Partial2BR,1BA$1.58
Sherwood Lake ApartmentsUPGRADED 1 BEDROOM1BR,1BA$1.59
2100 N Main St1 Bed 1 Bath1BR,1BA$1.50
2045-2151 Meadow Ln1 Bed/1 Bath1BR,1BA$1.54
Birchwood ApartmentsOne Bedroom1BR,1BA$1.52

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Thayer, IN Rentals by Map

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See the most popular apartments and homes in Thayer, IN

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Frequently Asked Questions about Cheap Thayer Apartments

How much is rent for a Cheap One Bedroom Thayer Apartment?

The lowest price for a Cheap One Bedroom Thayer Apartment is $970 at Madison Cottage of Rensselaer.

What is the lowest price for a Cheap Two Bedroom Thayer Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Thayer is starting from $1,075 at The Ridge Apartments.

What is the most affordable Thayer Three Bedroom Apartment?

The best deal on a cheap Thayer Three Bedroom Apartment rental is at Madison Cottage of Rensselaer and starts from $1,367.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.